Since the collector and emitter currents are equal to a close approximation and the input impedance of OPAMP is very high,the load current also flows through the feedback resistor R. On account of this, there is still current feedback, which means that the load current is stabilized.
Since vd= 0
\ v2 = v1 = vin
\ iout = (vCC– vin ) / R
Thus the load current becomes nearly equal to iout. There is a limit to the output current that the circuit can supply. The base current in the transistor equals iout / bdc. Since the op-amp has to supply this base current iout / bdc must be less than Iout (max) of the op-amp, typically 10 to 15mA.
There is also a limit on the output voltage, as the load resistance increases, the load voltage increases and then the transistor goes into saturation. Since the emitter is at Vin w. r. t. ground, the maximum load voltage is slightly less than Vin.
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