The 1923 Women's Olympiad ( ) was the fourth international event in women's sports, the tournament was held 4 to 7 April 1923 in Monte Carlo, Monaco. The tournament was formally called ""Les Jeux Athletiques Feminins a Monte Carlo"". The games were a runner-up to the 1921 Women's Olympiad and 1922 Women's Olympiad.

Can we draw the following conclusion?
The tournament was held in Europe.
Yes