Title: Monaco
Passage: Monaco (/ˈmɒnəkoʊ/ ( listen); French pronunciation: ​(mɔnako)), officially the Principality of Monaco (French: Principauté de Monaco), is a sovereign city-state, country and microstate on the French Riviera in Western Europe. France borders the country on three sides while the other side borders the Mediterranean Sea. Monaco has an area of 2.02 km (0.78 sq mi) and a population of about 38,400, according to the last census of 2016. With 19,009 inhabitants per km2, it is the second-smallest and most densely populated sovereign state in the world. Monaco has a land border of 5.47 km (3.40 mi), a coastline of 3.83 km (2.38 mi), and a width that varies between 1,700 and 349 m (1,859 and 382 yd). The highest point in the country is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires Ward, which is 161 metres (528 feet) above sea level. Monaco's most populous Quartier is Monte Carlo and the most populous Ward is Larvotto/Bas Moulins. Through land reclamation, Monaco's land mass has expanded by 20 percent; in 2005, it had an area of only 1.974 km (0.762 sq mi). Monaco is known as a playground for the rich and famous, due to its tax laws. In 2014, it was noted about 30% of the population was made up of millionaires, more than in Zürich or Geneva.
Question: is monaco a country in its own right
Answer: yes