A saddle-node bifurcation is a critical point in a dynamical system where two equilibrium points, one stable and one unstable, collide and annihilate each other as a parameter is varied. This phenomenon marks a qualitative change in the system's behavior, as it can lead to the loss of stability of an equilibrium point, resulting in the system transitioning from one dynamic state to another. It is particularly relevant in analyzing how small changes in parameters can drastically affect system stability.
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