Assume all small products and equalizers exist. PutDefine so that the components areA map equalizes exactly when its components form a cone over . Therefore represents cones and is the limit. This is the construction of small limits from products and equalizers.
Let be connected and nonempty. The limit of the underlying diagram of commutative rings is the subringIf is nonzero in one component, it is nonzero in every component: field homomorphisms are injective, and connectedness propagates this fact along zigzags. Hence the componentwise inverses are defined and compatible. Thus is a field. Since the inclusion is full, the same cone is limiting in the category of fields.
If is disconnected, choose two components and use the constant field on one and on the other. There is no cone in fields because its apex would map to fields of two different characteristics. Hence does not have all limits of any disconnected shape.
Consider one connected component of the category of cocones under a small diagram . Replace every apex by the subfield generated by the images of the fields . These generated fields have cardinality bounded in terms of the small diagram, so they admit a small skeleton, cofinal within .
The apex functor on this small connected category has a limit in by part (b). For each , the maps from to all apexes form a compatible cone and therefore induce . These maps form a cocone under . Its limiting projections give a unique morphism from to every cocone in , so is initial in that component. Choosing one for each component gives a multicolimit.
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