You bid $5.00 on a click on your Facebook ad. The next highest bidder only pays $3.00 to target an ad at the exact same audience. How much will Facebook make you pay to win the bid?

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QUESTION

You bid $5.00 on a click on your Facebook ad. The next highest bidder only pays $3.00 to target an ad at the exact same audience. How much will Facebook make you pay to win the bid?

average conversion rate

average lead-to-customer rate

average revenue

average lifetime value of a customer

or

$2.99

$3.00

$3.01

$5.00

The correct answer is:

average lead-to-customer rate

You bid $5.00 on a click on your Facebook ad. The next highest bidder only pays $3.00 to target an ad at the exact same audience. How much will Facebook make you pay to win the bid?
Explanation: We will update later. sincerely thank

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