To laugh or to cry? That mostly theoretical cliché becomes a matter of actual, uncomfortable urgency as you watch the superlative Broadway revival of “The Waverly Gallery,” Kenneth Lonergan’s acutely observed exploration of a family struggling to find its equilibrium as a beloved mother and grandmother, played by the heartrendingly wonderful Elaine May, gradually begins to lose her mental faculties. You may find yourself instinctively laughing, only to check the laughter in your throat, examine its source, and find it melting into something more like a sob. As has been proven by the terrific recent Broadway productions “This Is Our…

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