Problem

Source: IMSC 2024 Day 2 Problem 2

Tags: algebra, polynomial, imsc



Let $\mathbb{R}_{>0}$ be the set of all positive real numbers. Find all strictly monotone (increasing or decreasing) functions $f:\mathbb{R}_{>0} \to \mathbb{R}$ such that there exists a two-variable polynomial $P(x, y)$ with real coefficients satisfying $$ f(xy)=P(f(x), f(y)) $$for all $x, y\in\mathbb{R}_{>0}$. Proposed by Navid Safaei, Iran