Is it better to have a monorachy?

Marsiglio of Padua contends that the people (“the corporation of citizens or . . . its more weighty part,”) have the authority to make laws rather than, say, a king or prince. Is he right or wrong? Explain his argument. Then either defend it (be sure to raise an objection against it if you do) or argue against it. If you believe his argument is weak but you agree with his conclusion, then first show why his argument is weak and then develdfpop your own argument briefly.