Exhaust & Fresh Air tied together

On this home the high efficiency furnace vents were tied together (exhaust and fresh air) right before they exited building.

Is there any circumstance where this is allowed?

Thanks

Steve

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https://www.google.com/search?q=concentric+venting&ie=utf-8&oe=utf-8

Thank you so much Christopher Currins. That is perfect explanation. Your Googling skills beat mine tonight. Thanks again

Steve

Next time you see a mushroom cap you will know.