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It would be far cheaper to make the cars smaller than make the tracks bigger.
Monaco has always been a problem, but moreso since the late 60s when the cigar car shape changed - see the Monaco historics for reference. Given the billions of dollars floating around that place during that week, it's going to be on the calendar. But yes, it's a silly race, and you get the trophy not for winning, but for being the one that didn't effitup.
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