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Also remember that Google doesn't pay you the full bid price. You get a share of that price, and Google are cagey about telling people what that figure is.
It's probably around 45%, although it does fluctuate depending on the site on which the ad is published.
There are also a few paid tools around that will estimate this data, such as:
KeywordCountry.com
AdSenseAccelerator.com
...etc.
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