Final answer:
There are 1320 ways the 12 horses can finish in first, second, and third place in a race.
Step-by-step explanation:
In a horse race with 12 horses, there are 12 options for the first place finisher. After the first place horse is determined, there are 11 options for the second place finisher, and 10 options for the third place finisher. Therefore, the total number of ways the horses can finish in first, second, and third place is:
12 x 11 x 10 = 1320 ways.