I was reading these notes on Category Theory and it said (paraphrased to add context):
Exercise 4: Explain why in $\textbf{Set}$ (the Category of Sets), the product of an empty set of sets is a one-element set.
which I think is incorrect. The product of two empty sets (or any number) is empty because we are considering:
$$ \emptyset \times \emptyset = \{ (a,b) : a \in \emptyset, b \in \emptyset \} = \emptyset$$
where $a \in \emptyset , b \in \emptyset$ are false, so the above is the $\emptyset$ which is NOT a one element set (its a zero element set).
This should be trivial so I am assuming I am somewhere mis reading the natural language of the exercise. Someone help me catch where is it and what the answer should be? i.e. whats being asked and the answer?
What the exercise is saying is the following: let $\mathcal{C}$ be an empty family of sets (awkward, but $\mathcal{C}$ is just isomorphic to $\emptyset$). Then, $\prod\,\mathcal{C}=\prod\limits_{C\in\mathcal{C}}\,C$ has one element. Simply put, $$\prod\,\emptyset=\prod_{C\in\emptyset}\,C$$ has exactly one element. This is the same situation that gives rise to $a^0=1$. The real question is where on heaven this element comes from, and what exactly it is.