Past exam of the physics 1 paper of the University of Oxford / 2015 / 8 / b

A circular orbit of radius $r_0>0$ is a stationary point of the effective potential:For $L\ne 0$, $\beta k>0$ and $k\ne -2$, this givesThe condition $\beta k>0$ makes the radial force attractive. At $k=-2$, the equation instead requires the fine tuning $L^2/m=-2\beta$; then the centrifugal and potential terms cancel at every radius and there is no isolated restoring minimum. If that equality fails, there is no positive-radius circular orbit for this special power.