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Exercise 9.3.7.8. Let $\kappa \leq \lambda $ be regular cardinals, let $S$ be a $\lambda $-small set, and let $\operatorname{Sub}_{< \kappa }(S)$ be (the nerve of) the partially ordered set of $\kappa $-small subsets of $S$. Show that the following conditions are equivalent:

$(1)$

The $\infty $-category $\operatorname{Ind}_{\kappa }^{\lambda }( \operatorname{Sub}_{< \kappa }(S) )$ is $\lambda $-filtered.

$(2)$

The $\infty $-category $\operatorname{Ind}_{\kappa }^{\lambda }( \operatorname{Sub}_{< \kappa }(S) )$ has a final object.

$(3)$

There exists a $\lambda $-small collection of $\kappa $-small subsets $\{ S_{\alpha } \subseteq S \} $ such that every $\kappa $-small subset of $S$ is contained in some $S_{\alpha }$.

In particular, if these conditions are satisfied for every $\lambda $-small set $S$, then $\kappa \trianglelefteq \lambda $.