The maximum values at given positions across multiple lists of equal length

Question

What syntax will allow me to find the maximum values, at a given position, across multiple lists of equal length?

For example, suppose we have three lists l1, l2, and l3:

l1 = {1, 2, 1, 1, 5}

l2 = {2, 1, 1, 4, 5}

l3 = {3, 1, 2, 1, 4}

What syntax can be derived to obtain lmax:

lmax = {3, 2, 2, 4, 5}

Answer 1

One option is to use MapThread:

MapThread[Max, {l1, l2, l3}]

Or Map (/@) after Transpose:

Max /@ ({l1, l2, l3}\[Transpose])