Only advertiser for some of my keywords

Do I get charged the same or lower?

[sleepy]

I have just noticed that for several of my kewords I am the only person advertising by google adwords. If my clicks are set at 0.04 for my entire campaign does that mean I would be charged 0.04 or does google take into account the number of advertisers.

Can/should I set this keyword at 0.01 or do I need to create a new campaign.

Cheers,
sleepy

[5stars]

Are your ads old? I ask because since I have used AdWords the minimum is .05

If you are only paying .04 then the bids must be grandfathered and I wouldn't change them because changing a grandfathered bid would probably cause you to have to start paying the .05 minimum.

What is your average CCP?