I want to know the answer to the following question:
What type of monopolies does IP create?
All the background I'm provided with is that "Some critics of intellectual property, such as those in the free culture movement, point at intellectual monopolies as harming health (in the case of pharmaceutical patents), preventing progress, and benefiting concentrated interests to the detriment of the masses, and argue that the public interest is harmed by ever-expansive monopolies in the form of copyright extensions, software patents, and business method patents.". Is that enough to answer the question?