How does Google AdWords bidding work?

How does Google Ads or AdWords bidding work? The actual position of your ad is determined by your ad rank (Maximum Bid times Quality Score). The highest ad rank gets the 1st ad position. Your actual CPC will be determined by the ad rank of the next highest ad below you divided by your Quality Score.

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https://www.wordstream.com/articles/what-is-google-adwords
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