To determine the largest possible value of \( f(l) \) given that \( f(ab) = f(a)f(b) \) for all positive integers \( a \) and \( b \), we must consider the functional equation and its implications. A function satisfying this equation for all positive integers is known as a multiplicative function. One common example is \( f(x) = x^c \) for a constant \( c \). Let's explore this function:
Since all multiplicative functions of this type either result in 0 or 1, and the non-zero solution gives us the constant function \( f(x) = 1 \) for any positive integer \( x \), the largest possible value of \( f(l) \) is 1.
\[ f(x) = \left\{ \begin{array}{ll} 1 - 2x & \text{if } x < -1 \\ \frac{1}{3}(7 + 2|x|) & \text{if } -1 \leq x \leq 2 \\ \frac{11}{18} (x-4)(x-5) & \text{if } x > 2 \end{array} \right. \]