From my understanding the networks is as follows

Class A: 10.0.0.1 - 10.255.255.254
Class B: 172.16.0.1 - 172.16.255.254
Class C: 192.168.0.1 - 192.168.0.254

But then I look at ifconfig virbr0 on my Linux computer:

virbr0    Link encap:Ethernet  HWaddr 42:40:99:CB:02:7F  
          inet addr:192.168.122.1  Bcast:192.168.122.255  Mask:255.255.255.0
          UP BROADCAST RUNNING MULTICAST  MTU:1500  Metric:1
          RX packets:0 errors:0 dropped:0 overruns:0 frame:0
          TX packets:16 errors:0 dropped:0 overruns:0 carrier:0
          collisions:0 txqueuelen:0 
          RX bytes:0 (0.0 b)  TX bytes:2842 (2.7 KiB)

Here the IP address is 192.168.122.1. Is that an allowed IP?

And if so, is 192.168 than actually a Class B network?