Abstract
Our main issue was to understand the connection between Łukasiewicz logic with product and the Pierce-Birkhoff conjecture, and to express it in a mathematical way. To do this we define the class of \textit{f}MV-algebras, which are MV-algebras endowed with both an internal binary product and a scalar product with scalars from . The proper quasi-variety generated by , with both products interpreted as the real product, provides the desired framework: the normal form theorem of its corresponding logical system can be seen as a local version of the Pierce-Birkhoff conjecture.
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