the point of concurrency
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Concurrent lines or line segments occur when 3 or more lines meet at the same point
yes
A point of concurrency is a place where three or more, but at least three lines, rays, segments or planes intersect in one spot. If they do, then those lines are considered concurrent, or the the rays are considered concurrent.
In geometry, three or more lines are said to be concurrent if they intersect at a single point.
It's possible, but for any three lines in the same plane, there could be ether one point of intersection (unlikely) or three (more probably).