MC versus MM. Which to choose.

I am pretty much a vinyl newbie so bear with me. What are the benefits and drawbacks of both of these types of cartridges. Is there a clear better choice for someone just getting into vinyl? The MM seem to be less costly but how does it compare sonically? Take for instance the Clearaudio Concept cartridge. The MM retails for $200 while the MC retails for $800. Is the MC version a better sounding cartridge?