Its strange thing. My avg cpc is more than my max cpc? How come this will be possible. Or the google account is not yet updated fully??
If the account has only just gone live, I'd wait for a little while. The most up-to-date data can be wrong. I'd leave the campaign for at least a day before trying to interpret the results.
That is not encouraging though and to leave it running like that is probably a bit of a gamble if it is a bug in your account. I'd be interested to hear what they tell you the reason was.
First off, check in campaign settings - advanced options - that you are set to maximum/manual cpc and not preferred cost bidding - the latter works on averages, so could have that effect
Have you lowered your bids at any point? If your looking at a date range that covers a time when your max cpc was higher than it is currently, then your average CPC could well be higher than your max CPC.
It's right. Check your keywords settings, since if you have loaded campaign from an editor or other third party software, you could have separate keyword bids... Sometimes I have the same with speed ppc software