What will occur when you remove the tag from Policy1?

In Microsoft Exchange Online, you have a retention policy named Policy1 that applies a retention tag named Tag1.
You plan to remove Tag1 from Policy1.
What will occur when you remove the tag from Policy1?
A. The content will remain tagged and the Managed Folder Assistant will process Tag1.
B. Tag1 will be removed if Policy1 applied the tag to the content.
C. The content will remain tagged, but the Managed Folder Assistant will ignore Tag1.

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