trilemma

/tɹaɪˈlɛmə/
noun
  1. 1

    A circumstance in which a choice must be made between three options that seem equally undesirable or, put another way, in which a choice must be made among three desirable options, only two of which are possible at the same time.

  2. 2

    An argument containing three alternatives, jointly exhaustive either under any condition(s) or under all condition(s) consistent with the universe of discourse of that argument, that each imply the same conclusion.

Source: https://en.wiktionary.org/wiki/trilemma