For shit like this wiki solves it:
http://en.wikipedia.org/wiki/Mpeg
vs
http://en.wikipedia.org/wiki/Mpg
Looks pretty clear to me that mpeg is what you're talking bout...
Also a discussion of what is more prevalent in use as a term, let's peak at overture:
http://inventory.overture.com/d/sear...ry/suggestion/
21513 mpeg
vs
11109 mpg
Again looks like mpeg is winning that race.
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