Why do I receive Error 4301 - Error initializing licensing. Could not start MathWorks Service Host?

Why do I receive Error 4301 - Error initializing licensing. Could not start MathWorks Service Host?

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This error indicates that MATLAB was unable to install the MathWorks Service Host when launching MATLAB. See the MATLAB Answer below for more information.
Why do I receive Error 5202 - Unable to access services required to run MATLAB?

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