Stella needs a new kitchen. She finds Stelios, a contractor, through an ad he posted in the local newspaper. Stelios paid $65 to post the ad in the newspaper. After Stella and Stelios agree on the price for the new kitchen, they sign a contract, which Stella has a law firm write up for $105, stating that Stelios will install Stella's new kitchen for $2,300. The transaction costs associated with this exchange are .

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