How does the Cartesian product A × B of two sets arise as a limit in the category Set?
Think about your answer, then reveal below.
Model answer: Consider the discrete index category J with two objects and no non-identity morphisms, and the diagram D: J → Set sending the two objects to A and B respectively. A cone over D is a set C equipped with functions f: C → A and g: C → B. The limit is the terminal such cone: the set A × B with projections π₁: A×B → A and π₂: A×B → B, such that any C with maps to A and B factors uniquely through A×B via the pairing ⟨f, g⟩.
The key is recognizing that 'maps to both A and B consistently' is exactly what pairs (a, b) capture. The universal property says A×B is the most economical such object: every cone C → A, C → B compresses uniquely into a map C → A×B. This pattern generalizes to any diagram shape: the limit is always the 'most efficient' cone.