In Federer's book "Geometric measure theory", he says in section 1.8.3 (where $\|\cdot\|$ is the comass norm):

> Very little appears to be known about the structure of the convex sets $\wedge^m(\mathbb{R}^n)^\ast\cap\{\phi:\|\phi\|\leq 1\}$. What are their extreme points?

In section 1.8.4 he says:

> Suppose $S$ and $T$ are mutually orthogonal subspaces of an inner product space $V$, $s:S\to V$ and $t:T\to V$ are the inclusion maps, $\xi\in\operatorname{im}\wedge_ps$ and $\eta\in\operatorname{im}\wedge_qt$. The equation $\|\xi\wedge\eta\|=\|\xi\|\cdot\|\eta\|$ holds if either $\xi$ or $\eta$ is simple. [...] I do not know whether the above equation holds in case neither $\xi$ nor $\eta$ is simple.

Are these matters understood by now?

**edit 1**, for completeness: given a finite-dimensional real inner product space $V$, the comass of $\phi\in\wedge^mV^\ast$ is defined by
$$\|\phi\|=\sup\Big\{\phi(\xi):\text{decomposable }\xi\in \wedge^mV\text{ with }|\xi|\leq 1\Big\}$$
and the mass of $\xi\in\wedge^mV$ is defined by
$$\|\xi\|=\sup\Big\{\phi(\xi):\phi\in\wedge^mV^\ast\text{ with }\|\phi\|\leq 1\Big\}.$$
Here $|\cdot|$ is the standard norm on $\wedge^mV$, defined by an orthonormal basis $e_{i_1}\wedge\cdots\wedge e_{i_k}$. It seems to me that the mass and comass are essentially analogous to (and perhaps the inspiration for) the Gromov norm on homology.

**edit 2** : As pointed out in the answers to the question Pietro Majer links to, the question of 1.8.4 is addressed in Frank Morgan's article "The exterior algebra ΛkRn and area minimization" (Linear Algebra and its Applications Volume 66, April 1985, Pages 1–28) where certain cases (by dimension) are proved.