Resolve exception “java.net.BindException: Address already in use”

When you run Mule application in Anypoint Studio or deploy Mule application in Mule Runtime, it is common to get the following error: ERROR 2016-09-05 22:17:57,070 [main] org.mule.module.launcher.application.DefaultMuleApplication: ******************************************************************************** Message : Failed to invoke lifecycle phase “start” on object: org.mule.module.http.internal.listener.DefaultHttpListenerConfig@7c1503a3…