Most people here are by and large correct but I’m gonna go out and disagree that three acts are the best way to break up a story. I think the Shakespearian Five Act structure makes a lot more sense in most instances and can more reliably break plot motifs into discrete sections. Most writers will find themselves accidentally tending towards this with the exposition/plot initiation/rising action/climax/resolution structure, which is a very vulgar way of framing shakespearian act structure.
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