There's at least some amount of truth to the generalization and considerable exceptions. However, in your budget range, MC is almost a non-issue, unless you're interested in the three Denon cartridges...103, 110 and 160. Among the MM cartridges in your budget, the Ortofon 2M Blue and the AT440MLa are going to lean toward the sound often associated with MC, while Grado, Goldring, Nagaoka and Shure would be more what the generalization of MM normally includes.