Concept:
From Maxwell's electromagnetic wave equations, the velocity of light ($c$) propagating through a vacuum medium is related to the fundamental constants of space by:
\[
c = \frac{1}{\sqrt{\mu_0 \varepsilon_0}}
\]
Squaring both sides of this equation allows us to express the product of permeability and permittivity in terms of velocity.
Step 1: Isolate the target variable product expression.
\[
c^2 = \frac{1}{\mu_0 \varepsilon_0} \implies \mu_0 \varepsilon_0 = \frac{1}{c^2} = c^{-2}
\]
Step 2: Apply dimensional notation tracking.
The dimensions of velocity ($c$) are $[LT^{-1}]$. Let's find the dimensional formula for $c^{-2}$:
\[
[\mu_0 \varepsilon_0] = [LT^{-1}]^{-2} = [L^{-2}T^{2}]
\]