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You are an insurance employee who works as an underwriter. You are conducting an assessment for fire insurance premiums in an area of New York.
You are an insurance employee who works as an underwriter. You are conducting an assessment for fire insurance premiums in an area of New York. Based on data for 360 days last year, it was found that there were two fires in the area.
If the number of customers who participate in fire insurance in the area is 1000 shops with coverage worth 1 million dollars, then determine the minimum insurance premium that must be paid by insurance participants.
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