Here is a breakdown of why this happens and how to resolve it.
Try alternate machine or VM
Look for "Microsoft Visual C++ Redistributables." If they are missing or outdated, download the latest "All-in-One" package from Microsoft’s official site. Final Thoughts 0x01 a critical installation file is missing
If this occurs during a Steam game installation, verifying the local cache can replace missing files. Here is a breakdown of why this happens