Problem

Source: Austrian MO 2024, Final Round P1

Tags: inequalities, inequalities proposed, algebra, algebra proposed



Determine the smallest real constant $C$ such that the inequality \[(X+Y)^2(X^2+Y^2+C)+(1-XY)^2 \ge 0\]holds for all real numbers $X$ and $Y$. For which values of $X$ and $Y$ does equality hold for this smallest constant $C$? (Walther Janous)