Final answer:
Generic drugs are equivalent to brand-name drugs but are more affordable due to lower development costs and FDA approval.
Explanation:
Generic drugs are identical to brand-name drugs in dosage, safety, strength, quality, and intended use. When a drug patent expires, generic versions can be produced.
These generic drugs offer the same effectiveness as brand-name drugs but are cheaper due to lower development costs. They undergo FDA approval to ensure equivalence to their brand-name counterparts.
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