First, let's consider the different medal combinations that can be awarded to the 3 winners: (1) If there are NO TIES then the three medals awarded are: GOLD, SILVER, BRONZE. (2) What if there is a 2-WAY tie? --If there is a 2-WAY tie for FIRST, then the medals awarded are: GOLD, GOLD, SILVER. --If there is a 2-WAY tie for SECOND, then the medals awarded are: GOLD, SILVER, SILVER. --There cannot be a 2-WAY tie for THIRD (because exactly three medals are awarded in total). (3) What if there is a 3-WAY tie? --If there is a 3-WAY tie for FIRST, then the medals awarded are: GOLD, GOLD, GOLD. --There are no other possible 3-WAY ties. Thus, there are 4 possible medal combinations: (1) G, S, B (2) G, G, S (3) G, S, S (4) G, G, G. Now let's determine how many different ways each combination can be distributed. We'll do this by considering four runners: Albert, Bob, Cami, and Dora.
COMBINATION 1: Gold, Silver, Bronze

Therefore, there are different victory circles that will contain 1 GOLD, 1 SILVER, and 1 BRONZE medalist. COMBINATION 2: Gold, Gold, Silver.
Using the same reasoning as for Combination 1, we see that there are 24 different victory circles that will contain 2 GOLD medalists and 1 SILVER medalist. However, it is important to realize that these 24 victory circles must be reduced due to "overcounting." To illustrate this, consider one of the 24 possible Gold-GoldSilver victory circles: Albert is awarded a GOLD. Bob is awarded a GOLD. Cami is awarded a SILVER. Notice that this is the exact same victory circle as the following: Bob is awarded a GOLD. Albert is awarded a GOLD. Cami is awarded a SILVER. Each victory circle has been "overcounted" because we have been counting each different ordering of the two gold medals as a unique victory circle, when, in reality, the two different orderings consist of the exact same victory circle. Thus, the 24 victory circles must be cut in half; there are actually only 12 unique victory circles that will contain 2 GOLD medalists and 1 SILVER medalist. (Note that we did not have to worry about "overcounting" in Combinat ion 1, because each of those 24 possibilit ies was unique.)
COMBINATION 3: Gold, Silver, Silver.
Using the same reasoning as for Combination 2, we see that there are 24 possible victory circles, but only 12 unique victory circles that contain 1 GOLD medalist and 2 SILVER medalists.
COMBINATION 4: Gold, Gold, Gold.
Here, once again, there are 24 possible victory circles. However, because all three winners are gold medalists, there has been a lot of "overcounting!" How much overcounting? Let's consider one of the 24 possible GoldGold-Gold victory circles: Albert is awarded a GOLD. Bob is awarded a GOLD. Cami is awarded a GOLD.
Notice that this victory circle is exact ly the same as the following victory circles: Albert-GOLD, Cami-GOLD, Bob-GOLD. Bob-GOLD, Albert-GOLD, Cami-GOLD. Bob-GOLD, Cami-GOLD, Albert-GOLD. CamiGOLD, Albert-GOLD, Bob-GOLD. Cami-GOLD, Bob-GOLD, Albert-GOLD. Each unique victory circle has actually been counted 6 times! Thus we must divide 24 by 6 to find the number of unique victory circles. There are actually only unique victory circles that contain 3 GOLD medalists. FINALLY, then, we have the following:
(Combination 1) 24 unique GOLD-SILVER-BRONZE victory circles. (Combination 2) 12 unique GOLDGOLD-SILVER victory circles. (Combination 3) 12 unique GOLD-SILVER-SILVER victory circles. (Combination 4) 4 unique GOLD-GOLD-GOLD victory circles. Thus, there are unique victory circles.