How does target cost-per-acquisition (CPA) bidding determine the optimal cost-per-click (CPC) bid?

–How does target cost-per-acquisition (CPA) bidding determine the optimal cost-per-click (CPC) bid?–

It uses conversion history to set higher bids when a conversion is more likely

–It sets CPC bids as one-tenth of the current CPA bid setting–

–It bids a static CPC value based on the current maximum CPC settings–

–It adjusts CPC bids based on existing bid adjustments–

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