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Why are incandescent light bulbs considered to be lower efficiency than LED bulbs?

A greater percentage of the energy output of the incandescent bulb goes toward heat.

A smaller percentage of the energy output of the LED bulb goes toward light.

A greater amount of energy is required for the same light output from the LED bulb.

A smaller amount of energy is wasted by the incandescent bulb.

Therefore, incandescent light bulbs are considered to be lower efficiency than LED bulbs because they waste more energy as heat and produce less light for the same amount of energy input compared to LED bulbs.