Step 1: Understanding the Question:
The problem presents an algebraic trigonometric limit evaluating to an indeterminate form of type $\frac{0}{0}$ as $x$ approaches $0$. We must evaluate the true limit.
Step 2: Key Formula or Approach:
We can solve this problem elegantly using two different approaches:
1. Trigonometric Factorization: Apply the identity $\cos C - \cos D = -2\sin\left(\frac{C+D}{2}\right)\sin\left(\frac{C-D}{2}\right)$ along with the standard limit $\lim_{\theta \to 0} \frac{\sin\theta}{\theta} = 1$.
2. L'Hôpital's Rule: Since it's a $\frac{0}{0}$ form, differentiate the numerator and denominator with respect to $x$ successively.
Step 3: Detailed Explanation:
Let's apply L'Hôpital's Rule for a crisp derivation.
Differentiating the numerator and denominator once with respect to $x$:
$$\text{Numerator derivative} = -m\sin(mx) - (-n\sin(nx)) = n\sin(nx) - m\sin(mx)$$
$$\text{Denominator derivative} = 2x$$
This gives:
$$\lim_{x \to 0} \frac{n\sin(nx) - m\sin(mx)}{2x}$$
This is still in $\frac{0}{0}$ form. Differentiating a second time:
$$\text{Numerator second derivative} = n^2\cos(nx) - m^2\cos(mx)$$
$$\text{Denominator second derivative} = 2$$
Now, substitute $x = 0$ safely into the limit expression:
$$\lim_{x \to 0} \frac{n^2\cos(0) - m^2\cos(0)}{2} = \frac{n^2(1) - m^2(1)}{2} = \frac{n^2 - m^2}{2}$$
Step 4: Final Answer:
The limit value equals $\frac{n^2 - m^2}{2}$, which matches option (C).