This code performs the following steps: 1. **Initialize two lists**: ...

This code performs the following steps:

1. Initialize two lists:

   a = [1, 2, 3]
   b = [2, 3, 4]
   

   Two lists a and b are defined with their respective elements.

2. Convert the lists to sets:

   set(a)
   set(b)
   

   set(a) creates a set from the list a = [1, 2, 3], resulting in {1, 2, 3}. Similarly, set(b) creates a set from list b = [2, 3, 4], resulting in {2, 3, 4}.

3. Find the intersection of the two sets:

   set(a) & set(b)
   

   The & operator computes the intersection of two sets, which is the set of elements that are present in both sets. In this case:

   • set(a) is {1, 2, 3}
   • set(b) is {2, 3, 4}
   • Intersection: {2, 3} (common elements between sets).

4. Assign the result to variable c:

   c = set(a) & set(b)
   

   The intersection {2, 3} is stored in c.

Final Result:

The variable c contains a set with the elements {2, 3}—the common elements between the two lists a and b.