We consider two numerical entropy-type invariants for actions of Z k , invariant under a choice of generators and well-adapted for smooth actions whose individual elements have positive entropy. We concentrate on the maximal rank case, i.e. Z k , k ≥ 2 actions on k + 1dimensional manifolds. In this case we show that for a fixed dimension (or, equivalently, rank) each of the invariants determines the other and their values are closely related to regulators in algebraic number fields. In particular, in contrast with the classical case of Z actions, the entropies of ergodic maximal rank actions take only countably many values. Our main result is the dichotomy that is best expressed under the assumption of weak mixing or, equivalently, no periodic factors: either both invariants vanish, or their values are bounded away from zero by universal constants. Furthermore, the lower bounds grow with dimension: for the first invariant (the Fried average entropy) exponentially, and for the second (the slow entropy) linearly.