Final answer:
The number of ways the runners can finish the race is given by 8 factorial, which is equal to 40,320.
Step-by-step explanation:
The number of ways the runners can finish the race can be found by calculating the number of permutations of the 8 runners. Since all of the runners must finish and there are no ties, this is a permutation problem. The number of permutations of a set of objects can be calculated by finding the factorial of the number of objects. In this case, there are 8 runners, so the number of ways they can finish the race is given by 8! (8 factorial).
We can calculate 8! as 8 × 7 × 6 × 5 × 4 × 3 × 2 × 1 = 40,320. Therefore, the correct answer is option 4) 8! = 40,320.