1) A circle is formed when a line segment is bent around and joined at the ends to form a continuous curved line equidistant from the center point.
2) The key properties of a circle include its center point, radius, diameter, circumference, and area. The circumference is the distance around the circle and the area is the region enclosed.
3) Formulas can be used to calculate a circle's circumference, which is 2πr, and area, which is πr2, where r is the radius.