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

The code performs the following steps:

1. Initialize two lists:

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

   This creates two lists a and b with the specified elements.

2. Convert the lists to sets: set(a) and set(b) will convert the lists a and b into sets. Sets in programming are collections where each element is unique and unordered.

   • set(a) becomes {1, 2, 3}
   • set(b) becomes {2, 3, 4}

3. Perform set intersection: The & operator is used to calculate the intersection of the two sets, i.e., the elements that are common to both sets.

   • set(a) & set(b) computes {2, 3} (the elements that are in both set(a) and set(b)).

4. Store the result: The variable c now holds the resulting set {2, 3}.

Final Output:

The code determines the intersection (common elements) of two lists by converting them to sets and stores the result in c. The value of c is {2, 3}.