How to fix ModuleNotFoundError: No module named 'webencodings'

ModuleNotFoundError: No module named 'webencodings'
Recommended: Install via pip into your active environment.
python -m pip install webencodings

Verification

Command
python -c "import webencodings; print(webencodings.__version__)"
Expected output
Success! webencodings version x.y.z (e.g., 2.4.0)