Answer
Yes, we can replace the code with the provided code.
Work Step by Step
Let's look closely at the code
1$\hspace{4mm}$try:
2$\hspace{8mm}$while not end_of_file:
3$\hspace{12mm}$print(pickle.load(infile), end = " ")
4$\hspace{4mm}$except EOFError:
5$\hspace{8mm}$print("\nAll objects are read")
6$\hspace{4mm}$finally:
7$\hspace{8mm}$infile.close() # Close the input file
Now, the execution will start from Line 1, it will run the try block first and will start reading the content of the file and printing it.
When the EOF of the file will be reached, then it will raise EOFError which will be matched by the except EOFError block on line 4 and in the end finally block will close the file(line 6).