For relatively non-competitive keywords you can get the top spot for the minimum CPC as long as your ad performs well.
Kev
While I found no immediate reference, what I did notice should set off some alarms for advertisers. There is the term "Sponsored Links" off to the right side of these listings, which I assumed would take me to a description of how to get "Sponsored Links". When I clicked it, I was actually taken to the to the top listing which isn't what I wanted or expected for that little "Sponsored Links" word!
I wonder how many people have clicked on "Sponsored Links" seeking Adword answers, cost the advertiser money and closed the window immediately like I did after not seeing a Google page?
Bad web design 101, especially when it's costing advertisers money.
1. There are two words in that phrase
2. Date range February 21st - 27th
3. Avg. CPC 0.06
4. CTR 19.3% (it is on premium position)
The more interesting part comes:
5. Conversion rate: 3,45% (it means 5 new customers in absolute numbers)
The nubers are still low, but I would say the trend is not bad.
The best part now:
6. The phrase I am talking about is BROAD MATCH!