What is the primary effect of a Pigovian tax on pollution?

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Establishes a fixed limit on pollution levelsDecreases motivation for developing cleaner technologiesAssigns a cost to pollution emissionsRegulates the market demand for pollution permits

Explanation

A Pigovian tax is designed to impose a price on pollution, thereby internalizing the external costs associated with it. This tax does not set a specific pollution quantity but rather influences behavior by making pollution more costly.