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Adword Bidding

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Hi There

I was giving the AdWords Fundamentals Simulation Test Paper 1, in which the 41 question was as follows.

The Quality Scores and ad extension data is the exact same for all advertisers. You were to bid $2 and the next most completive bid is $0.75. How much would you pay for a click?
$75.00
$76.00
$2
$201.00
The answer is $ 76.

can anyone explain how $ 76?

Attached link please see .

And The Formula for Bid is :...

Adword Bidding

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