Why Armor sucks compared to MR vs flat pen - A quick look at efficiency
Base costs per each point:
Magic Resist: 18g Magic pen: 31.1g
Armor: 20g Lethality: 22.5g
As you can see, the difference between magic resist and magic pen in cost is really high. You can completely nullify the effects of magic pen with about 58% of your gold, leaving you plenty of gold to do other stuff. This looks like a hard-counter scenario here.
Meanwhile, trying to match lethality point for point leaves you with no gold to do anything else.
Lethality is scaling armor reduction, at lvl 10 you only get 82% of it converted to flat pen, but that puts it at 27g per flat pen - still significantly better than magic flat pen.
"What about finished items, aren't they more efficient?" Nope, armor items don't get much better than 20g per armor in cost. Thornmail 78% efficient without passives, Randuins 78% too, and others are usually around 80-90% without passives. Not saying they are terrible items but armor is still costing about 20g per point. Chain vest, the most expensive pure armor item is also 20g per point.
TLDR: Buying armor sucks to buy while MR is fine
Not to mention all the armor reduction from champion kits, true damage being dealt here and there, and mixed damage champions (which generally are AD champions that do bits of magic damage)
= 57 Lethality for 8900 gold
= 80 armor for 2900 gold
and 435 for
and then u payed 200 gold to combine them
= 300g, 15 armor
300g/15 armor = 20 g/armor
= 350g, 10 AD
350g/10 AD = 35 g/AD
= 1100g, 25 AD, 10 Lethality
1100g - (35 * 25)g = 225g
225g/10 Lethality = 22.5 g/Lethality
%ignore
%shred
%ignore after R and infinity edge core item
(although kayle nasus and kog do both %ar and mr shred)
as well
and 
what also decreases the cc mages usually have.
As a tank or bruiser you can go
and
. One of them has magic damage reduction, both increase healing.
Assassins can go
together with bruiser to get mr and magic shield and 20AD + 10% life steal and spellvamp.
And do not forget there is even a rune that gives you a magic shield.
For more closecombat magic damage dealers, there is
to gain mr while increasing your damage AND sustain on spellcasting.
are not as good as
and ad champions get
. Both give armor comparable to