What will be the output of the following Python code?min = (lambda x, y: x if x < y else y) min(101*99, 102*98) 99979999 9996None of the mentioned

The given Python code is a lambda function that takes two arguments and returns the smaller one. However, the code as it is currently written is incorrect and will result in a syntax error. The correct code should be:

min = (lambda x, y: x if x < y else y)
print(min(101*99, 102*98))

Now, let's break it down:

1. The lambda function is assigned to the variable min. This function takes two arguments x and y, and returns x if x is less than y, otherwise it returns y.

2. The min function is then called with two arguments: 101*99 and 102*98, which are 9999 and 9996 respectively.

3. The function will compare these two numbers and return the smaller one.

So, the output of the corrected code will be 9996.