Past exam of the mathematics course of the University of Cambridge / 2003 / iii / Paper 18 / 3 / iv / Solution

The categorical commutation of iterated categorical limits theorem is the following. For small categories $I,J$ and a two-variable functor $F:I\times J\to \mathcal{D}$, if the two collections of inner limits and their outer limits exist, then there are canonical isomorphismsIn particular all these limits exist if $\mathcal{D}$ has all $I$-shaped and all $J$-shaped limits. The isomorphisms are natural in $F$ and uniquely characterized by preserving every projection to $F(i,j)$.

Part (iii) proves that each iterated limit represents the functor of cones on the product diagram, with the same flattened projections. Two such representations have unique inverse cone-compatible arrows, proving the isomorphisms. For a natural transformation $F\to F^{\prime }$, the two composites in any naturality square have the same product-diagram projections, hence agree by limit uniqueness. This proves naturality as well. Completeness of $\mathcal{D}$ is a convenient sufficient hypothesis, rather than a necessary one for this individual diagram.