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It is a trivial assertion that the binary operation $g(x,y)\mapsto xy$ is associative and also distributive over the binary operation $f(x,y)\mapsto x+y$. We say that $f\leadsto g$ if this occurs, where all the binary operations in consideration are taken over the reals. The question is to determine whether the longest possible chain of functions $$f_1\leadsto f_2\leadsto f_3\leadsto f_4...$$ is finite.

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With some minor tweaks (work over complexes, etc.) you can get an infinite chain. See: https://arxiv.org/abs/math/0112050.

Aeryk
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