Asking what does MP3 stand for in electronic industry?
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So simple yet uncertain. Those who read will find out.
An abbreviation of MPEG Audio-Layer 3. This is a (super so far) compression algorithm developed by the Fraunhofer Institute in Germany and later standardised by the MPEG (Motion Picture Experts Group) that permits audio files to be highly compressed and yet retain excellent levels of quality. Very often used on the Internet sharing systems.