Action Name Already Taken Error, But Cannot Find in List of Custom Actions

Problem statement

When trying to create a new action, an error appears:

Error! That action name has already been taken.

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In looking at the Add Action section for custom actions, no action with this name appears:
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Cause

If an action is created but left as a draft, it will not appear in the list of custom actions that can be added to a flow.

Solution

Actions that are still drafts can be found in the Dashboard by going to Actions > Library and then to the Custom tab.
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Actions will only appear on the Flows page to be added after they are deployed.
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