The code performs the following operations: 1. `a = [1, 2,...

The code performs the following operations:

1. a = [1, 2, 3]: Creates a Python list a with elements 1, 2, and 3.
2. b = [2, 3, 4]: Creates another Python list b with elements 2, 3, and 4.
3. c = set(a) & set(b): Converts both lists a and b to Python sets (set(a) and set(b)) and computes their intersection (common elements) using the & operator. The result is assigned to c.

So, the value of c will be a set containing the elements common to both a and b, i.e., {2, 3}.

Essentially:

The code finds the intersection of two lists and stores it as a set.