Monophasic dosage forms refer to liquid preparations containing components in a single phase system, represented by a true solution. A true solution is a homogeneous mixture prepared by dissolving a solute in a suitable solvent. Common monophasic dosage forms include aqueous solutions used as gargles, mouthwashes, and ear/nasal drops to treat infections locally. They allow for easier administration than solids and faster drug absorption but require preservatives due to the risk of microbial growth.