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In a large bowl, dissolve yeast in warm water. Let stand until bubbly, about 10 minutes.
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Add milk, flour, salt, honey and olive oil to the yeast. Stir well to combine.
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Knead dough until smooth. Rub the dough with olive oil and place in a bowl. Cover and let it rise until doubled in volume. This will take about 1 ½ hours.
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Meanwhile, preheat oven to 350 degrees F.
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Turn dough out onto a well-floured surface. Form dough into a round and roll out into a circle. Cover with tomato sauce and cheese of your choice. Bake in preheated oven until golden brown, about 20 minutes.