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[citation][nom]freeman94[/nom]How does one compare a LCD monitor to a LED one?[/citation]

It's just a difference of backlight choice, not a real LED monitor. You tend to get better contrast with LED backlit monitors.
 
First off, I think you mean LED backlighting vs CCFL backlighting (the older type). Both have LCDs. LED ones supposedly have more contrast but not necessarily as accurate colors.
 
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