No, it's a layer 2 switch.
It doesn't provide layer 3 function.
The MX Series Security Appliances and MS Series Switches (with layer 3 routing enabled) have a built-in DHCP service. When enabled, it can provide DHCP to all configured subnets/VLANs, or relay DHCP messages to designated DHCP servers.
I am not a Cisco Meraki employee. My suggestions are based on documentation of Meraki best practices and day-to-day experience.
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