MONACO
Monaco is a city-state and constitutional monarchy on the French Riviera, bordered on three sides by France and open to the Mediterranean Sea to the south. It is the second smallest country in the world by area, after Vatican City, and the most densely populated sovereign state on earth. Its economy is built primarily on financial services, tourism, and its status as a low-tax jurisdiction, and it is home to the Circuit de Monaco, site of the Formula One Monaco Grand Prix, one of the most prestigious motorsport events in the world.
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