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C. Implementing a truncated exponential backoff strategy is a recommended practice for handling 429 errors. This approach involves waiting for a short period before retrying the failed request, with the wait time increasing (up to a maximum limit) with each successive retry. This can help to alleviate the load causing the rate limit to be hit and is a well-established pattern for handling such errors in distributed systems.
Exponential backoff formula will generate delay
C is Correct