Create and open a file in Python

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How do we open a file in python if it exists, and if it doesn't exist, create a new file of the same name and open it?

For example, if there is a text.txt file, it should be opened in Python or else a text.txt must be created and opened.
May 24, 2018 in Python by kaalabilli
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file = open('text.txt', 'w+)
answered May 24, 2018 by Nietzsche's daemon
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