Solution

The Optimal Page Replacement algorithm replaces the page that will not be used for the longest period in the future. It guarantees the lowest page-fault rate for any reference string because it makes perfect decisions based on future knowledge. However, it is impractical to implement in real-world systems because predicting the future sequence of page accesses is impossible. Despite this limitation, the Optimal algorithm serves as a benchmark against which other, more practical algorithms (such as LRU and FIFO) are measured. Why Other Options are Incorrect: A) FIFO: FIFO is easy to implement but often results in more page faults due to its simplistic approach of replacing the oldest page. B) LRU: LRU approximates Optimal in many cases by replacing the least recently used page but is not always perfect. D) Second-Chance Algorithm: This is a variant of FIFO that provides a "second chance" to pages with a reference bit set, but it is less efficient than LRU or Optimal. E) Clock Algorithm: A variation of the Second-Chance Algorithm that is more efficient but still not as good as the Optimal algorithm.