do you agree or disagree The price of a brand-name drug often decreases after a generic alternative becomes available. This is primarily driven by consumers' desire for the cheapest option. As generic drugs are typically cheaper, the market advances past brand-name options. This price drop affects allocative efficiency, which maximizes the overall well-being of society. Increased access to generic drugs leads to better public health, improving the healthcare system and reducing costs for sick patients. Insurance companies also benefit from this occurrence, as they reduce costs for individual health insurance