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Creating externalities to spread costs of various activities

In efforts to offset specific failures of the private sector, government policy within a mixed-capitalist economy would be least reasonably intended at an objective of: (1) creating externalities to spread the costs of various activities across all members of society. (2) redistributing income and wealth more equitably. (3) giving for public goods and wants like national defence. (4) promoting competition and regulating firms to ignore problems related with asymmetric information. (5) stabilizing the price level and facilitating maximum income and employment.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

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