The code does the following: 1. It creates a list `a`...

The code does the following:

1. It creates a list a containing the integers 1, 2, and 3.
2. It creates another list b containing the integers 2, 3, and 4.
3. It converts both lists a and b into sets using the set() function and computes the intersection of these two sets using the & operator.
   • The intersection of two sets includes only the elements that are present in both sets.

The resulting value is assigned to c, which will be a set containing the elements that are common in both lists.

For this specific code:

• set(a) results in {1, 2, 3}.
• set(b) results in {2, 3, 4}.
• The intersection is {2, 3}.

Hence, c will hold the value {2, 3}.