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Matte photo paper is a specific type of photo paper that is used for printing out copies of your digital photos. A photo paper that has a matte finish will have a dull finish. Many people prefer a matte finish on their pictures because it limits the amount of smudges and streaks that often are more prevalent in other types of photo paper.
Matte photo paper ranges in price, usually determined by the brand and the number of sheets in a package. For example Kodak offers 100 sheets of matte photo paper for around $15.