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"Mutual exclusion" refers to two unrelated items that can't possibly occur at the same time.
For example, given "x = 5" and "x = 7" (say, in a programming language), one assignment will override the other, such that the value of x may only have one value at a particular point in time.
As another example, if there is a war involving two sides, both sides can not win the war at the same time (this would be a draw, not an actual win by definition). When one side has claimed victory, the other can no longer do so.
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