Problem

Source: JBMO 2008 Shortlist A3

Tags: JBMO, system of equations, algebra



Let the real parameter $p$ be such that the system $\begin{cases} p(x^2 - y^2) = (p^2- 1)xy \\ |x - 1|+ |y| = 1 \end{cases}$ has at least three different real solutions. Find $p$ and solve the system for that $p$.