Review the exhibit.

In the exhibit, the action performed by router R3 for traffic arriving from router R2 towards router R4 is PHP, which stands for penultimate hop popping. PHP is a process in which the penultimate hop router (the router before the egress router) removes the top label from an MPLS packet before forwarding it to the egress router. This reduces the label stack depth of the packet and relieves the egress router from performing a label lookup operation. In the exhibit, router R3 is the penultimate hop for traffic arriving from router R2 towards router R4. Router R3 will perform a PHP operation, removing the top label from the incoming packet before forwarding it to router R478.

References: PHP Tutorial - W3Schools, PHP: Downloads