Final answer:
The most efficient engine theoretically possible is the Carnot cycle, which sets the benchmark for the highest efficiency attainable by heat engines, although no practical engine can achieve its theoretical maximum efficiency due to dissipative processes like friction.
Step-by-step explanation:
The most efficient engine possible is the Carnot cycle. The Carnot cycle is a theoretical construct that operates on two basic principles - it uses reversible processes, which include adiabatic (no heat transfer) and isothermal (constant temperature) processes, and it works between two heat reservoirs. As a result, an engine using the Carnot cycle, known as a Carnot engine, would have the highest theoretical efficiency.
Despite this, it is important to note that no practical engine can achieve the Carnot cycle's theoretical maximum efficiency due to real-world dissipative processes like friction. Moreover, the second law of thermodynamics ensures that 100% efficiency is impossible because there will always be waste heat in any engine. Nevertheless, the Carnot engine sets the benchmark for the highest efficiency that heat engines can aspire to.
The concept was introduced by the French engineer Sadi Carnot in the early 19th century, making it a fundamental component of thermodynamics and heat engine theory.