act II: scene V
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Jaques compares two men complimenting each other with two baboons together. Jaques means that he feels kind of like a beggar when he is complimented and "I have given him a penny and he renders me the beggarly thanks."
but why 'complimenting each other' is compared to the encounter of two
I think the comparison alludes to the two men not being that smart engaging in empty compliments. That's my take.