Step 1: Plan
Write the equilibrium concentrations and substitute into $K_a$.
Step 2: Equilibrium
Start with $C$ M of HA. At equilibrium $[\text{H}^+] = [\text{A}^-] = C\alpha = 0.01C$, and $[\text{HA}] = C(1-\alpha) \approx 0.99C$.
Step 3: Solve
$K_a = \dfrac{(0.01C)^2}{0.99C} \approx 10^{-4}C$. So $C = 1.8\times10^{-5}/10^{-4} = 0.18$ M.
Step 4: Result
The answer is $1.8 \times 10^{-1}$ M. A tiny $\alpha$ of 1% justifies dropping $\alpha$ next to 1.
Final Answer:
The acid is 0.18 M. This is option (A).
\[ \boxed{\text{(A) }1.8 \times 10^{-1}\ \text{M}} \]